Friday, September 26, 2008

Where are the Adults at the NY Times?

NY Times Article

Paul Krugman asks, “Where are all the grown-ups?” I know that answer to that one. Not at the NY Times.
He rails against the need to fix this housing bust but he never mentions how we got here in the first place. He is either misinformed or he’s being intellectually dishonest.

The Carter Administration passed the Community Reinvestment Act. The Clinton Administration expanded it and the Housing bubble was created. Now the chickens have come home to roost. The Government created the problem and the Government must fix the problem. Adults can acknowledge that. Can Paul Krugman?

Democrats want 20% of the money to go to ACORN. Who spent two years as a community organizer at the behest of ACORN? Wasn’t that Sarah Palin? Republicans object to this and so do I. 700 billion should only be used purchase the sub prime loans that Government mandated the lenders to make. It’s only fair.

No wonder Obama wants to be as far away from this stinking mess as possible. Especially since he got a lot of money from Fannie Mae. Just thought I’d through that in there.

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